Property Tax Rates

Each year, after adoption of the financial plan, but before May 15, Council must, by bylaw, impose property value taxes for the year by establishing tax rates for:

the municipal revenue proposed to be raised for the year from property value taxes, as provided in the City's financial plan, and

the amounts to be collected for the year by means of rates established by the municipality to meet its taxing obligations in relation to another local government or other public bodies (i.e. Regional Hospital District and Regional District).

Property value taxes are based on the assessed value of land and improvements, other than land and improvements exempt by statute. Separate rates are established for each property class. To better understand the relationship between property assessment and property taxes, watch a short video created by BC Assessment:

Municipal Tax Rate

Municipal property tax rates are set by the City of Abbotsford. The revenue from these taxes is used for public services, such as police and fire protection, street lighting and road maintenance, as well as operating parks and recreational facilities. Additional taxes are levied for drainage, and dyking and irrigation services for specific areas.

School Tax Rate

School tax rates applicable to residential properties are set by the Province of BC. Residential property school taxes are based, in part, on the number of residences, as well as the total assessed value of residential property in the province, creating a different tax rate in each school district.

School tax rates applicable to non-residential properties are also set by the Provincial of BC. The rates vary by property classification, but are uniform throughout the province within each non-residential property class.

Additional School Tax Rate

Additional school tax rates applicable to residential properties valued above $3,000,000 are set by the Province of BC. For mixed-use properties, only the residential portion of the property's assessed value above $3,000,000 will be taxable.

The additional school tax rate is 0.2% on the residential portion of a property assessed between $3,000,000 and $4,000,000; and 0.4% on the residential portion assessed over $4,000,000.

BC Assessment determines if additional school tax applies. If you believe you property should be exempt from additional school tax, please contact BC Assessment to discuss your concerns.

Regional Library Tax Rate

Regional District Tax Rate

Regional District tax rates are set by the Fraser Valley Regional District to raise revenue for budget needs. Tax revenues are used to fund a wide range of regional services of benefit to everyone within the boundaries of the Fraser Valley, such as animal control, regional parks, mosquito control and air quality management.

BC Assessment Tax Rate

BC Assessment property tax rates are set by BC Assessment, which is an independent Provincial Crown Corporation governed by a Board of Directors. The revenue from these taxes is used to produce independent, uniform and efficient property assessments on an annual basis to:

Regional Hospital Tax Rate

The Regional Hospital tax rates are set by the Fraser Valley Regional Hospital District. The hospital tax rates raise revenue to repay the costs of major capital expenditures, such as hospital construction and acquisition of medical equipment.

Municipal Finance Authority of BC Tax Rate

The MFA tax rates are levied in order to fund their operations. The MFA provides long- and short-term financing, investment management, leasing and other financial services to communities and public institutions in BC.